HDFC Business MoneyBack Credit Card
Welcome to the world of smart business financing with the HDFC Business MoneyBack Credit Card. Designed to empower entrepreneurs and businesses, this card offers a unique blend of rewards and financial flexibility. Discover a range of features tailored to elevate your business, from cashback rewards on expenses to streamlined expense management.
Key Highlights of HDFC Business MoneyBack Credit Card
- Get an interest free credit period of up to 50 days.
- Register your card with HDFC Bank’s Utility Bill payment service, i.e.SmartPay to ensure that all your utility bills are paid on time in a convenient and easy manner.
- Report the loss of your HDFC Bank Business MoneyBack credit card immediately to the 24-hour call centre of
- HDFC Bank to get a zero liability on any fraudulent transactions done through your card.
- Enjoy revolving credit on your card at a nominal interest rate.
- Exclusive SmartBuy Business portal available for all business cardholders.
- The HDFC Bank Business Moneyback Credit Card is enabled for contactless payments.
The HDFC Business MoneyBack Credit Card is a specially designed card that offers a range of business-centric benefits. Business owners can enjoy cashback on their business transactions and have the flexibility to use reward points to repay their card dues. The card also provides accelerated reward points when used at partner stores, making it even more rewarding. With spend-based rewards and an annual fee waiver feature, the HDFC Business MoneyBack Credit Card is a valuable tool for every business person, providing convenience and financial benefits all in one.
Features and Benefits of HDFC Business MoneyBack Credit Card
Earning Reward Points:
Earn 4 Reward Points for every Rs. 150 spent online (T&C apply).
Earn 2 Reward Points for every Rs. 150 spent on other retail purchases (excluding wallet, EMI, and petrol).
Get a bonus of 2,500 Reward Points on spending Rs. 1.8 lakhs in an anniversary year.
Cashback and Redemption:
Redeem reward points as cashback against your statement (T&C apply).
Get 5% monthly cashback on essential business spends like electricity bills, telephone bills, government and tax payments, up to Rs. 250 per statement (applicable only in the first year).
Fuel Surcharge Waiver:
Get a 1% fuel surcharge waiver at all fuel stations in India on transactions between Rs. 400 and Rs. 5000 (maximum cashback of Rs. 250 per statement cycle).
Dining Benefits:
Enjoy up to 20% savings on restaurant bills via Swiggy Dineout (20,000+ restaurants) using the card.
Milestone Benefit:
Earn 2,500 Bonus Reward Points when you spend Rs. 1.8 lakhs in an anniversary year.
Renewal Offer:
Renewal fee waived off if you spend Rs. 50,000 or more in the previous year.
Smart EMI:
Convert big spends into EMI after purchase.
Reward Point/Cashback Redemption & Validity:
Redeem reward points as cashback against the statement (100 Reward Points = Rs. 20).
Reward Points are valid for 2 years from the date of accumulation.
HDFC Business MoneyBack Credit Card Fees and Charges
Joining Fee: Rs. 500 + taxes
Renewal Fee: Rs. 500 + taxes
Spend based Waiver: Spend Rs. 50,000 in a year to get the next year’s fee waived.
Rewards Redemption Fee: Rs. 99 per redemption request + taxes
Foreign Currency Markup: 3.5% per currency conversion + taxes
Interest Rates: 3.6% per month (43.2% per annum)
Fuel Surcharge: 1% fuel surcharge waived for transactions between Rs. 400 & Rs. 5,000, Max Cashback: Rs. 250 per statement cycle.
Cash Advance Charge: 2.5% of withdrawal amount or Rs. 500 (whichever is higher).
HDFC Business MoneyBack Credit Card Eligibility
To be eligible for the HDFC Bank Business MoneyBack Credit Card, you need to:
- Be a self-employed Indian citizen aged between 21 and 65 years old.
- Have an annual Income Tax Return (ITR) of more than Rs 6 lakhs.
- You can apply for the credit card using your ITR, GST returns, bank statements, or merchant payment reports as proof of income.
Documents Required for HDFC Business MoneyBack Credit Card
Identity Proof: You can use any of the following – Aadhar Card, Voters Id, Driving License, Passport, PAN Card, etc.
Address Proof: You can submit any of the following – Ration Card, Aadhar Card, Utility Bills, Passport, Driving License, etc.
Income Proof: You need to provide any of the following – Latest salary slips, latest bank statement, latest ITR (Income Tax Return), pension book, etc.
How to apply for HDFC Business MoneyBack Credit Card?
You can apply for the HDFC Business Moneyback Credit Card either online or offline.
Offline Application:
- Visit your nearest HDFC Bank branch.
- Bring all the necessary documents.
- Fill in the physical application form provided by the bank.
Online Application:
- Go to HDFC Bank’s official website.
- Click on ‘Borrow,’ then select ‘Cards,’ and then ‘Credit Cards.’
- Choose the ‘HDFC Business Moneyback Credit Card’ from the Business Credit Cards category.
- Click on ‘Apply Now’ and fill in the online application form.
Frequently Asked Questions (FAQs) -
The HDFC Business MoneyBack Credit Card is a specially designed credit card for business owners and professionals. It offers cashback rewards on business-related expenses and provides various features to enhance your business transactions.
- Cashback on business-related expenses.
- Flexible credit limits tailored for business needs.
- Reward points on every purchase.
- Zero liability on lost card reporting.
- Contactless payment technology for quick and secure transactions.
The HDFC Business MoneyBack Credit Card offers cashback on eligible business expenditures. The cashback is credited to your card account, providing a financial benefit on your business-related spending.
While the primary focus of this card is on business-related expenses, you can use it for personal transactions as well. However, it’s advisable to use it primarily for business purposes to maximize the benefits tailored for such expenditures.
HDFC provides a user-friendly online portal for credit cardholders to redeem their reward points. You can log in to your HDFC net banking account or use the HDFC mobile app to explore and redeem your accumulated reward points for various options, including vouchers, merchandise, or statement credit.
Credit card fees and charges may vary, and it’s advisable to check the latest fee structure provided by HDFC Bank. Some credit cards may have an annual fee, while others might offer a waiver based on the spending pattern.
Eligibility criteria may include factors such as age, income, and credit history. Generally, business credit cards are designed for business owners, self-employed individuals, and professionals. You should check with HDFC Bank for the specific eligibility requirements.
You can apply for the HDFC Business MoneyBack Credit Card through the official HDFC Bank website or by visiting a branch. The application process usually involves filling out an online form, submitting necessary documents, and a credit assessment.
In case your credit card is lost or stolen, it’s crucial to report it immediately. You can contact HDFC Bank’s customer care helpline or use the net banking/mobile app to report the loss. HDFC provides a zero liability feature, which means you won’t be held responsible for unauthorized transactions after reporting the loss.
The interest rates on credit cards can vary based on factors such as the type of transaction and repayment behavior. It’s advisable to check the latest interest rate information on the HDFC Bank website or by contacting their customer support.